Web Conferencing Resources

Web Conferencing Services Grow 38% in the Asia Pacific Market

September 9, 2008 – 3:45 am

According to growth partnership firm, Frost & Sullivan, the web conferencing services market in Asia-Pacific a saw a 37.6% growth in 2007. The web conferencing market is expected to grow at the same rate for the next six years according to the study.

The findings about the web conferencing services market are based on a a study conducted by the agency covering 13 countries in the Asia Pacific region. The analysis finds that the market in Asia Pacific earned revenues of $25.3 million in 2007 and estimates this to reach $237.4 million by the end of 2014, at a compound annual growth rate of 37.7 percent from 2007 to 2014.

The research also indicates that the eb conferencing market in Asia Pacific is expected to grow by an estimated 38.8% this year, to reach a market size of $35.2 million by the year’s end. Australia, Japan and Greater China are the top three countries contributing revenue in the Web conferencing services sector. The main adopters of Web conferencing include high technology services and banking, financial services and insurance firms.

Web conferencing solutions have been widely used for meetings with clients in disparate locations, sales and marketing, and training purposes. The study also found specialized applications such as investor relations and webinars, enabling businesses to communicate with audiences beyond the company’s physical location.